Kenartha
KJ5 on the Frankfurt Exchange
 

Kenartha oil and gas limited reports status of Expansion program in southern ontario - (Dec. 20, 2006)

Toronto, Ontario - Kenartha Oil & Gas Company Ltd. (Frankfurt Exchange: KJ5) , an explorer and developer of natural gas resources, is pleased to announce its multi-year Expansion Program in southern Ontario, Canada is proceeding according to  the planned schedule. The expansion program contemplates the drilling of 75 wells to be put into production within a five (5) year period. By the end of year 2006, the initial fifteen (15) wells will be drill completed.

Negotiations with the buyer, Union Gas (an entity of Duke Energy (symbol:DUK); listed on the NYSE), to establish the initial meter recording system are essentially finalized. A dehydrator will be installed at the meter station enabling the delivery of natural gas to commence in the early part of 2007. 

Company management is encouraged by the increased demand and subsequent potential rise in value of natural gas in Ontario, Canada.

About Kenartha Oil and Gas Company Limited

Kenartha Oil & Gas Company Limited (Kenartha) is an oil and natural gas exploration, acquisition, development and production firm.

The Company holds interests in natural gas production facilities in southern Ontario, Canada near Canada's first oil wells. Kenartha has sales agreements with Union Gas Limited for the purchase of its natural gas production.

Kenartha is traded on the Frankfurt Exchange under the symbol “KJ5”. For further information please visit the company’s website at kenartha.com.

WARNING: The company relies upon litigation protection for "forward-looking" statements.

Information presented in this newsletter contain 'forward looking statements' within the meaning of Section 27A of the Securities Act of 1933 and Section 21B of the Securities Exchange Act of 1934. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions or future events or performance are not statements of historical fact and may be 'forward looking statements.' Forward looking statements are based on expectations, estimates and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through the use of words such as 'projects', 'foresee', 'expects'', 'will,' 'anticipates,' 'estimates,' 'believes,' 'understands' or that by statements indicating certain actions 'may,' 'could,' or 'might' occur.

For further information contact:

Mr. Ernest Harrison, EM, CEO
Mr. Marty Martinello, B.A., V.P.
Phone: 705-474-7282
Fax: 705-474-5491
Email: ernie@kenartha.com
  Mr. Robert Chase, B.A., CFO
Phone:416-368-9595
Fax:  416-368-6827
Email: rob@kenartha.com
 


website designed & developed by BlueApple